Posted on August 7, 2009 - by boris

International Finance Corporation (IFC) investment in Renshou Minfu Rural Bank to support financing for small businesses in China…

IFC, a member of the World Bank Group, has
agreed to invest 5 million Chinese renminbi (equivalent to $700,000) in Renshou
Minfu Rural Bank, a village and township bank in Sichuan Province, to support
financing for micro and small businesses in rural China.

IFC also will provide advisory services to enable Renshou Minfu Rural Bank to
increase operational efficiencies, adopt advanced risk management practices,
and provide high-quality products and services.

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Source: http://ifcln001.worldbank.org/ifcext/mediahub.nsf/Content/SelectedPR?OpenDocument&UNID=016E1879DC2810758525760A0056B162